TAL Education Group (NYSE:TAL) Shares Gap Up – Here’s Why

TAL Education Group (NYSE:TAL) gapped up prior to trading on Friday . The stock had previously closed at $12.80, but opened at $13.70. TAL Education Group shares last traded at $13.47, with a volume of 1,429,154 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TAL. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. UBS Group lifted their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research note on Friday, January 24th.

TAL Education Group Trading Up 4.3 %

The company has a market cap of $8.07 billion, a price-to-earnings ratio of 70.24 and a beta of 0.06. The firm’s fifty day simple moving average is $12.26 and its 200 day simple moving average is $10.73.

Institutional Trading of TAL Education Group

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of TAL Education Group during the 4th quarter worth approximately $40,000. Point72 DIFC Ltd purchased a new stake in shares of TAL Education Group during the 3rd quarter worth approximately $48,000. iA Global Asset Management Inc. purchased a new stake in shares of TAL Education Group during the 4th quarter worth approximately $79,000. Blue Trust Inc. raised its position in TAL Education Group by 28.1% in the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock valued at $99,000 after purchasing an additional 2,158 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in TAL Education Group in the 4th quarter valued at $114,000. Hedge funds and other institutional investors own 37.79% of the company’s stock.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.